Daimler CEO: Apple and Google Are More Capable of Building a Car Than Previously Thought

Daimler CEO Dieter Zetsche recently told German paper Welt am Sonntag that Apple and Google have been making more progress on their automotive projects than previously thought, reports Reuters. Zetsche comments come after a trip to Silicon Valley.

"Our impression was that these companies can do more and know more than we had previously assumed. At the same time they have more respect for our achievements than we thought," Zetsche told the paper.

Zetsche and his team met without around 70 companies while in Silicon Valley, including startups.

"There were concrete talks. I will not say anything about the content. It was not just about the fact that there is an innovative spirit in the Valley. We know that already. We wanted to see what drives it, and all the things that can be created from it," Zetsche said.